NONSHAREHOLDER CONSTITUENCY

nonshareholder constituency. A group of nonstockholders, such as employees or the public, who have an interest in the corporation’s business — an interest that the corporation may legally consider, in addition to shareholders’ interests, in making major policy decisions. — Also termed alternative constituency. [Cases: Corporations 310(1). C.J.S. Corporations §§ 475, 477–484, 487–489.]